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Sector Update: Energy

· 02/05/2021 08:23

01:22 PM EST, 02/05/2021 (MT Newswires) -- Energy stocks were higher this afternoon, with the NYSE Energy Sector Index climbing 1.1% while the SPDR Energy Select Sector ETF was up 0.9%. Front-month West Texas Intermediate crude oil was rising 57 cents to $56.80 per barrel at the New York Mercantile Exchange while the global benchmark Brent crude contract was adding 53 cents to $59.37 per barrel. Henry Hub natural gas futures were 4 cents higher at $2.84 per 1 million BTU. In company news, Equinor ASA (EQNR) rose fractionally after the Norwegian energy major Friday said it discovered a new oil and gas reservoir near its Troll field in the North Seas and expected to contain between 44 million and 69 million barrels of oil equivalent.